That is until the year interest rates will not rise again. The Fed's "dot plot", which reflects predicted by the central bank's policy-makers, no one might expect rate hikes this year or even 2021. In 2022, the majority of policymakers believed that rates remain at the current rate level.
"We think rates can not - they're not thinking about thinking about raising rates," Chairman Jerome H. Powell told reporters in a press conference Wednesday.
The central bank's update in the market-place he saw her nod of the head in a brief, the trees, they are said to have jumped. Interest rates not allow companies to borrow at rates less, which is good for the stock market.
The Fed has also said it would issue purchases of Treasury Securities and mortgage-backed securities market functioning so smoothly.
"Now he gives what he wanted and needed market," mature developer Thomas, chief market strategist at MetLife Management.
The Fed slashed interest rates to near zero at the beginning in March of coronavirus pandemic. After this, the crime of which the central bank has already billions of dollars that supporting financial markets, the thing and the state and local governments.
However, the central bank, as well as the federal government, there might be more to the administration on its feet, Powell confirmed on Wednesday's press conference.
ease crisis
One of the objectives of the Fed's is the governor of the holds, the price of the things that they desire, and let her cherish a firm, and above all must be supported and the labor market.
Millions of people do not get back their old jobs, "and while there will not be a job for them," said Powell, a news conference.
Even at the end of 2022, and the unemployment rate is projected to 5.5%, far higher than at the beginning of this year.
The Fed does not expect any economic difficulties in the first quarter and never updated economic projections for the year, to relocate the bereaved 6.5% of gross domestic product to drop in a measure of the largest thrift in 2020.
Powell rejected, but the comparisons to the Great Depression, telling reporters he did not think "is a good example, or it's likely to issue a model of what can happen here, it does not really do it."
"Very economy is on the path ahead is uncertain and too significant to be in the way of a pandemic level," said Powell.
